Everspring Industry Co (TPE:2390) Cyclically Adjusted Book per Share: NT$16.13 (As of Dec. 2025)

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TPE:2390 Everspring Industry Co Ltd TPE:2390
73 GF Score
Price NT$11.75
GF Value NT$14.25
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Everspring Industry Co Cyclically Adjusted Book per Share?

Everspring Industry Co TPE:2390 -3.29% 73 Cyclically Adjusted Book per Share is NT$16.13 as of Dec. 2025. GuruFocus rates TPE:2390 with a GF Score™ of 73/100 and a GF Value™ of NT$14.25 (Modestly Undervalued). The stock has 4 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

Everspring Industry Co's adjusted book value per share for the three months ended in Dec. 2025 was NT$12.057. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is NT$16.13 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Everspring Industry Co's average Cyclically Adjusted Book Growth Rate was -0.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 0.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 3.20% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Everspring Industry Co was 6.10% per year. The lowest was 0.10% per year. And the median was 2.90% per year.

As of today (2026-07-15), Everspring Industry Co's current stock price is NT$11.75. Everspring Industry Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was NT$16.13. Everspring Industry Co's Cyclically Adjusted PB Ratio of today is 0.73.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Everspring Industry Co was 2.57. The lowest was 0.56. And the median was 0.86.


Everspring Industry Co  (TPE:2390) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Everspring Industry Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=11.75/16.13
=0.73

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Everspring Industry Co was 2.57. The lowest was 0.56. And the median was 0.86.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Everspring Industry Co Cyclically Adjusted Book per Share Related Terms


Everspring Industry Co Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Everspring Industry Co's Cyclically Adjusted Book per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Everspring Industry Co Cyclically Adjusted Book per Share Chart

Everspring Industry Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.03 16.10 16.28 16.27 16.13

Everspring Industry Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
Cyclically Adjusted Book per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 16.27 16.37 16.38 16.34 16.13

TPE:2390 vs ALLE, MSA, ADT: Cyclically Adjusted Book per Share Comparison

For the Security & Protection Services subindustry, Everspring Industry Co's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Everspring Industry Co Cyclically Adjusted PB Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, Everspring Industry Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Everspring Industry Co's Cyclically Adjusted PB Ratio falls into.


TPE:2390
73GF Score
Everspring Industry Co Ltd TPE:2390
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Everspring Industry Co Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Everspring Industry Co's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book= Book Value per Share /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=12.057/324.0540*324.0540
=12.057

Current CPI (Dec. 2025) = 324.0540.

Everspring Industry Co Quarterly Data

Book Value per Share CPI Adj_Book
201603 13.916 238.132 18.937
201606 13.536 241.018 18.199
201609 13.255 241.428 17.791
201612 13.213 241.432 17.735
201703 12.865 243.801 17.100
201706 12.483 244.955 16.514
201709 12.476 246.819 16.380
201712 12.633 246.524 16.606
201803 12.542 249.554 16.286
201806 12.509 251.989 16.086
201809 12.178 252.439 15.633
201812 11.811 251.233 15.234
201903 11.724 254.202 14.946
201906 11.448 256.143 14.483
201909 11.175 256.759 14.104
201912 10.813 256.974 13.636
202003 11.182 258.115 14.039
202006 12.197 257.797 15.332
202009 11.919 260.280 14.839
202012 12.206 260.474 15.185
202103 19.538 264.877 23.903
202106 19.097 271.696 22.777
202109 19.761 274.310 23.345
202112 20.304 278.802 23.600
202203 19.932 287.504 22.466
202206 17.579 296.311 19.225
202209 15.989 296.808 17.457
202212 13.854 296.797 15.126
202303 13.313 301.836 14.293
202306 13.409 305.109 14.242
202309 13.713 307.789 14.438
202312 13.348 306.746 14.101
202403 12.695 312.332 13.171
202406 12.953 314.175 13.360
202409 12.475 315.301 12.821
202412 12.172 315.605 12.498
202503 12.693 319.799 12.862
202506 12.311 322.561 12.368
202509 12.227 324.800 12.199
202512 12.057 324.054 12.057

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

What does a Cyclically Adjusted Book per Share of NT$16.13 mean?
Everspring Industry Co (TPE:2390) has a Cyclically Adjusted Book per Share of NT$16.13 as of Dec. 2025. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Everspring Industry Co and its competitors.
Is Everspring Industry Co's Cyclically Adjusted Book per Share too high?
Everspring Industry Co's current Cyclically Adjusted Book per Share is NT$16.13. Overall, Everspring Industry Co has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Everspring Industry Co's Cyclically Adjusted Book per Share compare to ALLE and MSA?
Everspring Industry Co's Cyclically Adjusted Book per Share of NT$16.13 can be compared against companies in the Business Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for a Business Services company?
A good Cyclically Adjusted Book per Share depends on the Business Services industry context. However, Cyclically Adjusted Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Everspring Industry Co and its competitors. Everspring Industry Co's current Cyclically Adjusted Book per Share is NT$16.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Everspring Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Everspring Industry Co (TPE:2390) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$14.25, compared to a current price of NT$11.75 — trading 17.5% below its estimated fair value. The current Cyclically Adjusted Book per Share is NT$16.13. Everspring Industry Co's overall GF Score™ is 73/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For Everspring Industry Co (TPE:2390), the current Cyclically Adjusted Book per Share is NT$16.13 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Everspring Industry Co (TPE:2390) Overvalued in 2026?

Based on GuruFocus' analysis, Everspring Industry Co stock appears to be undervalued. The current stock price of NT$11.75 is trading 17.5% below its estimated GF Value™ of NT$14.25. GuruFocus considers Everspring Industry Co to be Modestly Undervalued.

Key valuation signals for TPE:2390:

  • Cyclically Adjusted Book per Share: NT$16.13
  • GF Value™: NT$14.25 vs. price of NT$11.75 (17.5% below fair value)
  • GF Score™: 73/100 with 4 warning signs

No single metric tells the full story. See the TPE:2390 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Everspring Industry Co Business Description

Address Zhonghua Road, Sector 1, 3rd Floor, No.50, Tucheng District, New Taipei City, TWN, 23666
Everspring Industry Co Ltd is a Taiwan-based company engaged in the production, manufacturing, reprocessing and trading of burglar alarm and other electronic products and parts. The company offers home and building solutions that cover products such as control panel, alarm system, automation, system, and other related products. Its reportable segments are Intelligent security control and the Security service segment. Geographically, the company derives its key revenue from Taiwan and the rest from China, and other regions.
73GF Score

Get the complete analysis for TPE:2390

Cyclically Adjusted Book per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$11.75
Price
NT$14.25
GF Value